CFTC and ICE commitments of traders reportsSelected indicators

JOHN KEMP

REUTERS

Data for the week ending 12 Jun 2018

Hedge funds cut net long position in petroleum complex by -18 million

bbl to 1,095 million bbl (longs -15mn, shorts +3mn)

Hedge funds have cut combined net long position in petroleum by -315

million bbl over eight most recent weeks

Hedge fund ratio of long to short positions in petroleum fell to 7.16 from

7.36 the prior week and record 13.95 on Apr 17

Hedge funds cut total long positions in petroleum by -15 million bbl to

1,273 million bbl

Hedge funds raised short positions in petroleum complex by +3 million

bbl to 178 million

Hedge funds raised combined net long position in Brent+WTI by +16

million bbl to 806 million (longs +16mn, shorts unchanged)

Hedge funds raised Brent+WTI net long position by +16 million bbl

after seven weeks of declines totalling -302 million bbl

Hedge funds’ ratio of long to short positions in Brent+WTI edged up to

6.49 from 6.40 the prior week but well below record 15.00 on Apr 17

Hedge funds raised net long position in ICE Brent by+18 million bbl to

456 million bbl (longs +15mn, shorts -3mn)

Hedge funds raised net long position in ICE Brent by +18 million bbl

after cutting it by a total of -194 million bbl over previous eight weeks

Hedge fund ratio of long to short positions in Brent rose to 7.19 from

6.74 the prior week but well below record 20.83 on Apr 3

Hedge funds cut net long position in NYMEX+ICE WTI by -2 million

bbl to 350 million (longs +1mn, shorts +3mn)

Hedge funds have cut net long position in NYMEX+ICE WTI by -123

million bbl in total over the last eight weeks

Hedge fund ratio of long to short positions in NYMEX+ICE WTI fell to

5.79 from 6.40 the prior week and recent high of 12.09 on Mar 20

Hedge funds raised short positions in NYMEX WTI by +2 million bbl to

51 million bbl

Hedge funds have raised short positions in NYMEX WTI to highest

level since Nov 2017 but bearish positions were still low

Hedge funds cut net long position in NYMEX gasoline by -18 million

bbl to 84 million bbl (longs -17mn, shorts +1mn)

Hedge fund ratio of long to short positions in gasoline fell to 12.31 from

16.18 the prior week but well below recent high of 29.67 on May 22

Hedge funds cut net long position in NYMEX heating oil by -8 million

bbl to 67 million bbl (longs -6mn, shorts +2mn)

Hedge fund ratio of long to short positions in heating oil fell to 4.13 from

4.79 the prior week and recent high of 9.99 on Jan 2

Hedge funds cut net long position in ICE gasoil by -1.02 million tonnes

to 18.68 million tonnes (longs -1.01mn, shorts +0.01mn)

Hedge fund ratio of long to short positions in gasoil fell to 58.92 from

63.43 the prior week

Hedge funds raised combined net long position in NYMEX+ICE U.S.

gas by +26 bcf to 2,424 bcf (longs -72 bcf, shorts -97 bcf)

Hedge funds have raised net long position in U.S. natural gas by +108

bcf in the last two weeks after cutting it by -85 bcf the week before

Hedge fund ratio of long to short positions in U.S. gas rose to 3.28 from

3.06 the prior week and highest since Feb 6